Abercrombie & Fitch Co. raised its full-year outlook after it blew past first-quarter sales estimates and extended its bounce back from the teen fashion graveyard. The retailer now expects net growth to rise around 10 percent for the year, up from a previous estimate of 4 percent to 6 percent, the New Albany, Ohio-based company...Read More
MR magazine is sad to report the passing of David Smith, legendary founder of Pockets Menswear in Dallas, Texas. He and his wife Margaret opened Pockets on Walnut Hill and Central in 1973. It was a mere 500 square feet next to a barbershop, but filled with beautiful clothing, impeccable service, and genuine caring. Smith...Read More
Price increases at UK retailers fell in early May to their lowest level in more than two years, adding to signs of an improving economic outlook. The rise in shop prices slowed to 0.6 percent in the first week of May, its lowest since the end of 2021, the British Retail Consortium said on Tuesday....Read More
Add Golden Goose to the brands tapping athletes to fuel their image. The luxury footwear firm has named a trifecta of global brand ambassadors recruited from tennis, padel and skateboarding, FN has learned. Furthering its connection with the latter discipline, the brand has appointed the U.S.-born Keegan Palmer to the role. After moving to Gold...Read More
First Show of the Summer to Debut Record Number of Expanded Showrooms and Support of Main Street Retail DALLAS – May 21, 2024 – The first U.S. market of the summer, Total Home & Gift Market (June 19-25, TEMPS 19-22), will feature a record-breaking number of expanded exhibitors debuting new spaces. In addition, the market...Read More
Amer Sports, Inc. posted sales and profits ahead of its guidance on Tuesday morning, with growth largely driven by its Arc’teryx brand. The newly public Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 13 percent revenue increase in Q1 to $1.2 billion. Net income was $7 million, down from $19 million...Read More
As of this month, the Aura Blockchain Consortium has created digital product passports containing information ranging from traceability credentials to storytelling around the product for more than 40 million items, the group said in a statement. Among the physical items imbued with its digital identities, typically accessed through NFC chips or QR codes, are pieces...Read More
Raffaello Napoleone, the CEO of Pitti Uomo, hosted a lunch for menswear press and influencers at Scarpetta in New York City last Friday where he introduced plans for the upcoming summer edition of the show, which will take place at the Fortezza da Basso in Florence from June 11 to 14, 2024, and will include...Read More
On, the Zurich-based running sneaker brand reported net sales of CHF 508.2 million ($560.9 million) for the quarter ended March 31, up 21 percent year-over-year. The bulk of this growth was driven by the expansion of its direct-to-consumer business, which generated revenue of CHF 190.5 million, up 39 percent compared to the same period in...Read More
On Holding is gearing up for the Olympics and, in the midst of a global boom in running, is preparing to take a higher profile with a new store on the Champs-Elysees slated to open next month. The news comes as the trendy Swiss running shoe brand continued its strong momentum, surpassing 500 million Swiss...Read More
